Walton expands to Singapore

Walton Hi-Tech Industries PLC entered into a global distributorship agreement with Singapore-based Flair M&E Pte Ltd, appointing the company as its authorised distributor in Singapore for the next five years.

According to a disclosure posted on the Dhaka Stock Exchange (DSE) website yesterday, Flair M&E -- a private company incorporated in Singapore -- will be responsible for selling, distributing, and marketing Walton products in the country.

An agreement was signed between Walton Hi-Tech Industries PLC and Flair M&E Pte Ltd in this regard on Monday. The agreement came into effect on the date of signing, according to the disclosure.

Following the announcement, Walton's share prices rose 0.47 percent, closing at Tk 407.

Abdur Rouf, head of global business at Walton, said the partnership is part of the company's broader strategy to strengthen its global presence.

Walton currently exports electronics and appliances to 67 countries, including the US, UK, Australia, Germany, India, and Nigeria.

The company sells products under its own brand in 41 markets such as India, Mexico, Nigeria, Sri Lanka, and Vietnam, offering a full range that includes refrigerators, televisions, air conditioners, and home appliances.

"As part of our global roadmap, we're focusing on expansion in Asia, Africa, Europe, and North America," Rouf said. "By 2030, Walton aims to establish a direct brand presence in 150 countries, promoting Bangladeshi innovation and branding globally."

He said Walton's international growth reflects a broader shift in Bangladesh's export model, moving beyond traditional sectors like readymade garments.

Despite these strategic moves, Walton's recent financials revealed signs of pressure. In the January–March quarter of FY25, its net profit fell to Tk 392 crore from Tk 422 crore year-on-year.

Earnings per share (EPS) declined to Tk 12.94 from Tk 13.93 year-on-year. Over the first nine months of the fiscal year, Walton's cumulative net profit stood at Tk 696 crore -- an 8.5 percent year-on-year decrease.